Economists avoid using surveys because people often ______.
a. get confused when filling out surveys
b. mislead when filling out surveys
c. forget to answer certain questions
d. don’t have the time to answer all the questions
b. mislead when filling out surveys
Economics
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Which of the following will most likely have the greatest effect on an individual’s consumption function?
A. Winning a small amount in the lottery B. A one-time tuition grant C. A week of high overtime pay D. An inheritance paying a modest annual dividend
Economics
The table below shows four alternative techniques for assembling a car. The cost of labor is $20 per hour, and the cost of capital is $10 per hour. Which of the four techniques for assembling a car is not technologically efficient?
A) T-1 B) T-2 C) T-3 D) T-4
Economics